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Markets

Kazakhstan's new AIX exchange outflanked by resurgent rival

Lack of transparency hampers privatization plan as older bourse strikes MOEX deal

An agreement between the Kazakhstan Stock Exchange and the Moscow Exchange has led to renewed questions over the viability of the new Astana International Financial Centre.
NAUBET BISENOV, Contributing writer | Mongolia, Central Asia, Afghanistan

ALMATY, Kazakhstan -- Six months on from the launch of the Astana International Financial Centre, Kazakhstan's attempts to open up its capital markets appear to be foundering, with just one listing to date and a resurgence of the existing bourse.

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